Business & Finance
Nvidia boosts share repurchase program by $150 billion to $235 billion
The company cited robust cash generation driven by ongoing investments in artificial intelligence infrastructure.
The short version
- Nvidia expanded its buyback program by $150 billion, raising the total approved repurchases to $235 billion.[CNBC · Business Insider]
- The authorization represents the largest buyback plan in stock market history, exceeding Apple's 2024 record of $110 billion.[Business Insider]
- Company executives target completion of the repurchases by the end of fiscal year 2028.[CNBC · Business Insider]
Key facts
- Nvidia authorized a $150 billion expansion of its share repurchase plan, bringing its total approved repurchases to $235 billion.[CNBC · Business Insider]
- The company expects to finish the buyback program through the 2028 fiscal year.[CNBC · Business Insider]
- The approved plan is the largest share buyback program in stock market history, topping Apple's $110 billion authorization in 2024.[Business Insider]
- CEO Jensen Huang stated the authorization stems from ongoing cash generation and confidence in long-term AI market growth.[CNBC · Business Insider]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.